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increasing the debt limit as a senator. speaker of the house john boehner's office said debt is endangering's children future. theconsequences are real he said. >> the debate had a numbing effect on wall street today. the dow is up 18 to 13,507. the nasdaq is down 8 at 3,117. the s&p is down 1 at 1,470. >>> all of that in washington is being watched closely in sacramento because failure to address the debt ceiling could take the budget surplus and wipe it out. ktvu's ken pritchett is in the capital. >> reporter: exactly on where california's budget stands today it became clear there was a lot of agreement we are on the mend, the budget turned a corner and all of that is at risk if the federal government drops the ball. >> reporter: california finally has a surplus. in november he said he had a deficit of $2 billion. he stands by that number but says -- >> it is roughly in balance. >> the difference in numbers is small and that the government's plan shows discipline. >> he should be commended for the plan. >> paying down debt and strengthsenning education are the right -- strengthening educ
we offered speaker boehner. it is public. $400 billion in health care savings we offered, and $200 billion of additional cuts in domestic spending and a trillion dollars in savings and look at where we started the negotiated process and the speaker, we went more than halfway. >> chris: is the president still willing to adjust the cost of living increase for entitlements, is he still willing to raise the eligibility age for medicare? are those still on the table? >> i will not talk about specifics that may be in the package. it is will report in the discussions with speaker boehner we were willing to entertain the cost of living adjustment. but, the overall package, we put over a trillion dollars including the proposal on cpi. over a trillion dollars, in spending cuts. now, some of the republicans say they don't want revenue. speaker boehner himself said there was $800 million of revenue, simply from closing corporate loopholes an loopholes for the wealthy. surely there is additional revenue we can get from closing loopholes, not rates, that was done -- dealt with at the end of the
america through another economic crisis. >> house speaker phil boehner indicated the gop is prepared for a fight and the consequences to fail to increase the debt ceiling are failing as well as allowing the spending problem to go unresolved. the concern is that if congress fails to act on the debt ceiling, the national economy could dip and that could likely have and i affect on california's budget numbers. >> the risk to our forecast numbers could come next month and that's what the federal government chooses to do or not to do regarding the debt ceiling. >> the budget released by governor jerry brown showed a budget surplus for the first time in many years. >>> right now it is 4:44 let's check in with sal on an early morning report on traffic. >>> good morning everybody, it is chilly, let's take a look at traffic on 880 westbound as you head to the mcarthur maze. if you are driving there, it is cold but visibility is good if you could think of the silverling. for most of the area, the bay bridge toll plaza looks good. if you are driving in downtown san jose it looks nice. 4:45 let'
suffered too much pain. >> reporter: a spokesman for house speaker john boehner tells me if the senate passes a bill, we will also take a look at that the national rifle association fighting back with a political advertisement mentioning the first daughters. >> are the president's kids more important than yours? protection for their kids and gun free zones for ours. >> reporter: white house spokesman carney is calling that ad repugnant and wowwardly. -- cowardly. attacking firearms and ignoring children is not a solution to the crisis we face as a nation. only honest law abiding gun owners will be affected and our children will remain vulnerable to more tragedy. reporting live in washington, jacqueline fell, ktvu channel 2 news. >> thank you, jacqueline. >>> marin county's first ever gun buy back program was so popular, it ran out of money by early afternoon. people received $200 for semiautomatics and $100 for other guns. after the $40,000 pool ran out, people were given 0-day vouchers. a second buyback is scheduled for monday at the san rafael and mill valley police departments. >>>
. >> now in a statement, house speaker phil boehner indicated the republican party is prepared for a fight and the consequences of increasing the debt ceiling are real but so too is the consequences of allowing our spending problem to go unresolved. >>> they are closely watching this debt ceiling battle in washington and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to take place in just a few hours, good morning. >> reporter: good morning pam, we did see several news vehicles and as the morning goes on the area is expected to fill up and that's because at 10:00 a.m. facebook is anticipating a news conference to unveil something. we don't know what that something is just yet but they say come see wha
to today's festivities. click on the tab for more. >>> speaker of the house john boehner took part in a presentation to the president and vice president. >> i am proud to present the flags that flew over this democracy today to president obama and vice president joe biden. and to jow gentlemen i say congratulations and god speed. >> the flags flew above the u.s. capital today. >> ken pritchett mentioned the balls. here is a live look at the military bowl, alicia keys just wrapped up. other stars are expected. usher, katy perry, stevie wonder and waiting to see the president and the first lady. if we see them we will check back in and for sure in 15 minutes. >>> different turn out for a local gun exchange. why some gun owners gave up their fire arms even though there was no money in exchange. >> they made games, icons, but now atari is smiling smiling for bankruptcy. the benefit they hope to gain by admitting financial defeat. [ crickets chirping ] [ traffic passing ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby coos ] [ man announcing ] mill
increasing the debt limit as a senator. john boehner said that the debt is endangers children's future, that the consequences of failing to increase the debt seal ceiling are real, but so also are the results of allowing our spending problem go unresolved. president obama said he is open to discussing deficit reductions, but only after congress first pay this bills that the country already owes. >> the federal government takes a larger chunk of paychecks. that's because during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east of us. a ridge of high pressure to the west, but this ridge is slowly nudging east, and eventually, by midweek wednesday and lasting into the weekend, i
means the inside game just sitting down with john mccain and john boehner doesn't work so well on these issues. i think he will make aning a aggressive effort to engage the public. he has taken his campaign organization, obama for america, and turned it into an advocacy group called, organizing for action. i think part of the effort is going to be mobilize public support for his agenda. shepard: it's my understanding the vice president will be walking, there is the first lady, michelle obama. ab stod stoddard is with us. reading all the blogs, what will she be wearing. narrate if if you will. >> she is in combination a tom brown dress. she has a different bells on. j. crew and j. crew shoes. this will go to the national arc kifs immediately after she wears it. she looks absolutely smashing. understated but truly elegant. shepard: she has entered the crypt and come down the stairs. she will be announced as we she walks out. first lady will be followed by the president. let's listen as they make the now traditional walk. this is five inaugurations for me and walking down these st
simple solution to this. >> now, in a statement, john boehner indicated the republican party is prepared for a fight. he said "the consequences of failing to increase the debt ceiling are rule but so are the consequences of allowing our spending problem to go unresolved." >>> state lawmakers in sacramento are closely watching this debate in washington. the concern is that if congress doesn't act on the debt ceiling, the national economy could dip and that would likely have a negative effect on california's budget numbers. push >> the biggest risk to our forecast or the analysts' forecasts could come next month and that's from washington, d.c. >> the 2013 budget release by governor brown showed a surplus for the first time in many years and that was thanks to new tax revenue from proposition 30 as well as spending cuts. >>> oakland police investigating a shooting that seriously injured one man. it happened about 8:00 last night on crest avenue. neighbors say they heard about 30 rounds from what sounded likes an automatic assault rifle. the victim ran. he was taken to the hospital in criti
Search Results 0 to 8 of about 9

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